China's property developer China South City Holdings asks bondholders to exempt some covenants, extend bond payment deadlines, and lower principal repayment as the group has no sufficient funds to make interest payments before 20 December 2023, which may trigger an event of default.
$CHINASOUTHCITY (01668.HK)$ $EVERGRANDE (03333.HK)$ $EVERG SERVICES (06666.HK)$ $COUNTRY GARDEN (02007.HK)$ $CG SERVICES (06098.HK)$ $Global X Funds Global X Msci China Real Estate Etf (CHIR.US)$